Lisbon Agenda, Regional Innovation System and the New EU Cohesion Policy
The EUâ€™s cohesion policy should now be confluent with the goals of the Lisbon strategy by promoting growth and employment. In this context, the promotion of a concept called regional innovation system has recently become important in the EU for guaranteeing long-term regional economic growth. This paper attempts to explain the determinants of the varying degrees of innovation promotion by the EU from one region to another. Since regional-policy strategies should have been subject to a new orientation towards more innovation promotion, we are particularly interested in whether the EUâ€™s co-financing policy of innovation projects changed for the 2007-2013 program period compared with the 2000-2006 period. According to our empirical analysis, which controls for various determinants of innovation promotion, there has been no significant change in the EUâ€™s regional policy strategy in general. We confirm this result when focusing on less-developed Objective 1 regions, where we would have expected the new policy strategy to show up more pronounced in particular.
|Date of creation:||2011|
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